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Basic business details and how much of a limit you want available.
Funding option
Business Line of Credit
Revolving capital you can draw on any time. Draw only what you need, when you need it. Revolving capital that refills as you repay.
Written and reviewed by the BFG Funds Editorial Team · Updated October 15, 2026
- Funding amount
- $10K – $500K
- Speed to funding
- As fast as 24 hours
- Typical term
- Revolving, 6–24 month draw periods
- Typical cost
- Interest charged only on what you draw; online lines commonly price from the low teens to over 50% APR, plus possible draw or maintenance fees
Overview
Is business line of credit the right fit?
A line of credit sits ready in the background. You draw what you need for payroll, inventory or an unexpected repair, pay interest only on what you use, and the limit refills as you repay.
- Smoothing seasonal or uneven cash flow
- Covering payroll gaps between receivables
- Keeping a safety net open without a fixed loan
Pros
- Pay interest only on what you actually use
- Reusable — the limit refills as you repay
- Good as a standing safety net
Cons
- Limits are often lower than a lump-sum loan
- Some lines charge draw or maintenance fees
- Lenders can review and adjust the limit
How it works
From application to funded in four steps
Share recent statements
Lenders verify revenue and deposit consistency — no tax returns for most limits.
Compare your limit and rate
Your specialist lays out each offer's limit, fees and repayment schedule in plain language.
Draw on demand
Move money to your bank account whenever you need it, often the same day.
Typical time to funding for this program: as fast as 24 hours.
Business Line of Credit FAQ
How is a line of credit different from a loan?
A loan gives you a lump sum once and you repay it on a schedule. A line of credit gives you a limit you can draw from repeatedly; you only pay interest on what you have drawn, and repaying frees the limit up again.
Does a business line of credit require collateral?
Many lines from online lenders are unsecured and rely on your revenue and credit profile, usually with a personal guarantee. Larger lines from banks may require collateral such as receivables or equipment.
How much of a line can I get?
Limits are typically sized from your average monthly deposits and time in business. As a rough guide, many providers start around one month of revenue; the actual limit is set by each lender after review.
Popular with
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A lump sum with fixed payments and clear terms for planned expansion or big purchases.
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Government-backed financing with longer terms and lower rates for qualified businesses.
Learn moreTell us about your business
A few details are all we need to start. A funding specialist will look at what your business needs and come back with the options that fit — usually the same business day. There's no obligation.
- Checking your options won't affect your credit
- You talk to one specialist, not a call center
- Many decisions come within 24 to 48 hours